IAMGOLD Co. (TSE:IMG) to Post FY2024 Earnings of $0.50 Per Share, Cormark Forecasts

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Cormark issued their FY2024 earnings per share estimates for shares of IAMGOLD in a research note issued on Thursday, January 13th. Cormark analyst R. Gray anticipates that the mining company will post earnings of $0.50 per share for the year.

Other equities research analysts have also issued reports about the stock. National Bankshares boosted their target price on shares of IAMGOLD from C$4.50 to C$4.75 in a research report on Friday, January 7th. TD Securities cut their price target on IAMGOLD from C$6.00 to C$5.00 and set a “buy” rating for the company in a research note on Friday. lifted their price target on IAMGOLD from C$3.75 to C$4.00 in a research note on Tuesday, November 16th. Finally, BMO Capital Markets initiated coverage on IAMGOLD in a research note on Friday. They set a “hold” rating and a C$2.80 price target for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, IAMGOLD presently has an average rating of “Hold” and a consensus target price of C$4.13.

Shares of TSE IMG opened at C$3.28 on Friday. The firm has a market capitalization of C$1.56 billion and a P/E ratio of 468.57. IAMGOLD has a one year low of C$2.75 and a one year high of C$4.62. The company’s fifty day moving average is C$3.88 and its two-hundred day moving average is C$3.46. The company has a debt-to-equity ratio of 20.84, a quick ratio of 1.39 and a current ratio of 2.01.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its earnings results on Wednesday, November 3rd. The mining company reported C($0.05) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.04). The business had revenue of C$370.32 million for the quarter.

About IAMGOLD

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso, West Africa; the Westwood mine located in Quebec, Canada.

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